Investors have cashed out a combined $2.6 billion from U.S. Bitcoin and Ethereum exchange-traded funds over the past week, marking one of the largest redemption periods in the funds’ history. The more than $1.9 billion that left the Bitcoin funds and $718.9 million pulled out of their Ethereum counterparts since October 29, according to data
Though last night’s U.S. election results proved surprising to many political pundits—given the extent and scale of Democrats’ victories across the country—prediction markets proclaimed they’d known the outcome for months. Indeed, prediction markets including Polymarket and Kalshi correctly called the New York City mayor’s race, plus governor races in both New Jersey and Virginia, by
Strategy Inc., which trades under the ticker symbol MSTR, saw its stock price plunge to its lowest level since April. Summary The MSTR stock price has crashed to its lowest level since April. It has plunged by over 45% from its year-high. There are signs that the Digital Asset Treasury (DAT) bubble has burst. Strategy,
Key Takeaways Fed Governor Stephen Miran views a December interest rate cut as the reasonable path forward. Miran warns that tight policy may increase the risk of an economic downturn, advocating for rate adjustments. Federal Reserve Governor Stephen Miran indicated on November 5 that, based on current conditions, he would support an interest rate cut
American businessman and author Robert Kiyosaki, who is best known for penning the ‘Rich Dad Poor Dad’ bestseller, has once again taken to the X social media network to encourage his followers to buy Bitcoin (BTC) and Ethereum (ETH). Kiyosaki claims that these two cryptocurrencies are “people’s money.” America is becoming ‘Marxist’ Kiyosaki’s latest social
In his economic statements today, US President Donald Trump both harshly criticized Fed Chairman Jerome Powell and gave striking messages about the country’s cryptocurrency policies. Trump, using the phrase “Fed Chair Powell is an idiot,” once again attacked interest rate policies. He had previously accused Powell of “slowing down the national economy,” and argued that
Stephen Miran, one of the new members of the US Federal Reserve (FED), stated in his statements that monetary policy is still “too restrictive” and argued that interest rate cuts should continue. After being appointed by President Donald Trump, Miran became one of the most prominent figures within the “dovish” wing of the Fed. Miran